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Orbia Advance (OTCMKTS:MXCHY) Shares Gap Down - Should You Sell?

Orbia Advance logo with Basic Materials background

Key Points

  • Orbia Advance Corporation shares gapped down at market opening from a previous close of $1.91 to $1.82.
  • Analyst upgrades have occurred, with Santander rating the stock as an "outperform" while two other analysts also rated it as a Buy, leading to an overall average rating of "Buy".
  • The company operates in sectors like precision agriculture, offering products such as irrigation systems and digital farming technologies.
  • MarketBeat previews the top five stocks to own by November 1st.

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $1.91, but opened at $1.82. Orbia Advance shares last traded at $1.82, with a volume of 1,000 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Santander raised shares of Orbia Advance to an "outperform" rating in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Orbia Advance presently has an average rating of "Buy".

Read Our Latest Stock Analysis on MXCHY

Orbia Advance Trading Up 0.3%

The company has a current ratio of 1.36, a quick ratio of 0.93 and a debt-to-equity ratio of 1.48. The stock's fifty day moving average price is $1.68 and its 200 day moving average price is $1.47.

About Orbia Advance

(Get Free Report)

Orbia Advance Corporation, SAB. de C.V. provides products and solutions for precision agriculture, building and infrastructure, fluorinated, polymer, and connectivity sectors worldwide. The company offers irrigation systems, agricultural and greenhouse projects, digital farming technologies, and related services; and connectivity solutions, including conduits, cable-in conduit, and other HDPE products and solutions.

Further Reading

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